MILAN Aug 29 Up-market Italian shoemaker
Salvatore Ferragamo said it saw "significant" growth
in 2012 after posting first-half net profits up 22.5 percent on
Wednesday, confirming the strength of global luxury players
through financial turmoil in Europe.
The maker of shoes worn by Hollywood stars such as Angelina
Jolie and pop queen Lady Gaga said net profit rose to 55.9
million euros in the period, including minority interest profit
for 11.1 million euros. Pre-tax profit rose 37.7 percent to 88.3
Analysts had expected Ferragamo to report continued growth
in the second quarter, driven by travellers shopping in Europe
and the group's wide retail presence in China.
Sales in the period rose nearly 23 percent to 565.1 million
(Reporting by Antonella Ciancio)